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S&P 500 Soars as U.S., China Agree to Slash Tariffs
News May 12, 2025 at 10:37 AM
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What You Need To Know
- “Investors and money managers are taking the worst case recession scenarios ... off the table,” said one portfolio manager.
- But some analysts cautioned that this was not the end of unpredictable trade talks between the White House and Beijing.
- The combined 145% U.S. levies on most Chinese imports will be reduced to 30% by May 14, while the 125% Chinese duties on U.S. goods will drop to 10%.
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